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SCX.ai launches $40 million IPO to expand sovereign AI infrastructure
3:00pm on Wednesday 19th of August, 2026 AEST
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Technology
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SCX.ai launches $40 million IPO to expand sovereign AI infrastructure
3:00pm on Wednesday 19th of August, 2026 AEST
Key Points
Fully underwritten IPO to raise $40 million at $0.30 per share
SCX.ai offers sovereign AI inferencing-as-a-service using SambaNova ASIC hardware
Initial node deployed at Equinix SY5 data centre in Sydney
FY26 pro forma revenue forecast at $6 million with a net loss of $3.55 million
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